Procurement Masterclass: A Complete Guide to Purchase To Pay
Gain expert-level knowledge of world-class operational procurement with this comprehensive overview.
What you’ll learn
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The purchase to pay process and why it is so important to manage spend in an organisation
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How supplier payments are handled and how they should be linked to upfront approvals
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The importance and approach to procurement training, to ensure users are well equipped
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Catalogues, shopping carts, electronic purchase orders and other concepts
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Different types of spend compliance and why its important to use these to improve procurement
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Different ways of matching documents to control the purchase to pay process
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What a limit order is and how it is used for commodities which cannot be catalogued
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The importance of the purchase order number and why the supplier must quote it on their invoices
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Centralised buying can be more efficient, especially when employees are too busy to use purchasing systems
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How a central payments department receives invoices and makes payments using automated invoice scanning
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Why its important to link procurement system access to user training certification
Requirements
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There are no course requirements of prerequisites
Who this course is for:
- Anyone with an interest in supply chain or procurement and purchasing
- Employees that are involved in purchasing who want to manage their company’s money better
- People who wok in suppliers of purchasing organisations
